In other news, the Avalanche Foundation has launched an InfraBUIDL() Program to incentivize developers. Also, Ethereum was the most active chain for DEX in August.

Avalanche (AVAX) Foundation Launches InfraBUIDL() Program For Developers

Avalanche Foundation has announced the launch of the Avalanche Foundation’s infraBUIDL() Program. The initiative aims to encourage developers to work on the tools and infrastructure required by Avalanche L1s.

Direct and milestone-based grants will be provided to projects that show potential or relevance to the Avalanche Network. Some areas of interest are on & off-ramps, marketplaces, explorers, oracles, wallets, indexers, and more.

In the meantime, Avalanche coin is trading in the red zone on the weekly and monthly timeframes. Its market cap is oscillating between $6 billion and $16 billion. Analysts forecast that the Avalanche price could retest the 50-Day SMA ($24.83) in the coming weeks.

Ethereum (ETH) Shines As Most Active Chain In August

According to data from Defillama, Ethereum remained the most active chain for DEX platforms in August. The Ethereum network handled transactions worth over $52.5 billion.

Solana and Arbitrum come in second place, with DEX platforms handling tokens worth $42.5 billion and $22.3 billion, respectively. However, the Ethereum price was mainly bearish during this period. Data from CoinMarketCap shows the value of the altcoin has been fluctuating between $2.2k and $3k.

Its market cap is also around the $260-$360 billion mark. Still, analysts forecast the value of the Ethereum coin could test the 50-Day SMA at $2,931.99 and the 200-Day SMA at $3,204.32 in the coming weeks. If this happens, then a rally back to $3,500 could happen.

Intel Markets’ Dual Chain Architecture Attracts Investors

Intel Markets, a mult-ichain trading platform that works with Ethereum and Solana, is gaining a lot of attention in the crypto space. Investors are trooping in because of this dual-layer architecture. The benefits are fast transactions, low fees, high throughput, and the ability to use decentralized applications.

Besides this, Intel Markets has other features such as real-time market data, copy-trading, AI autonomous trading bot, and more. There are also advanced trading tools like customized trading indicators, advanced charting software, and risk management tools.

The objective is to help both new and experienced investors trade with ease and with a higher return on their investments. For example, the copy trading tool will enable newbies to ride on the experiences of other experts who, from time to time, make positive trades.

This increases their probability. Meanwhile, Intel Markets intends to seize the crypto perpetual trading market that was recording a trading volume of over $101.9 billion in 2022. The features mentioned above are why many market experts believe Intel Markets is a good crypto to buy. Analysts forecast a 1,100% ROI for its native token, INTL, soon.

Why Are Avalanche And Ethereum Investors Running To Intel Markets?

They are doing so because of the potential 100% ROI analysts have forecasted for Intel Markets in the coming weeks. Also, they will get access to the platform’s upcoming crypto exchange.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets